Section 14

he has passed any of the final examinations specified in

Part I of the First Schedule and has not less than three years’

practical accounting experience in the service of a chartered accountant or in a Government department, bank, insurance company, local authority or other commercial, financial, industrial or professional organization or other undertaking approved by the Council;

he is a member of any of the recognized bodies specified in

Part II of the First Schedule; or

he is eligible to sit for and has passed the Malaysian

Institute of Accountants Qualifying Examination and has not less than three years’ practical accounting experience in the service of a chartered accountant or in a Government department, bank, insurance company, local authority or other commercial, financial, industrial or professional organization or other undertaking approved by the Council.

For the purposes of paragraph (1)(a) a person shall be deemed to have passed the examinations referred to in that paragraph or any part of such examinations, as the case may be, if he has passed an examination or part of an examination (whether in Malaysia or elsewhere) which is recognized by the Institute as being equivalent to or higher than the examinations or part of it first-mentioned in this subsection.

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No person shall be admitted by the Council as a member of the

Institute if he is less than twenty-one years of age or if in the opinion of the Council he is not a fit and proper person to be admitted as a member.

Any person dissatisfied with the decision of the Council under subsection (3) may appeal to the High Court.

The procedure governing appeals under subsection (4) shall be substantially the same as for appeals to the High Court from decisions of a Subordinate Court in civil matters.

A body corporate shall not be eligible for membership of the

Institute.

The Minister may after seeking the advice of the Institute, by order published in the Gazette amend the First Schedule as he thinks fit.